Diodes Incorporated (NASDAQ:DIOD) Given Average Recommendation of “Hold” by Brokerages

Shares of Diodes Incorporated (NASDAQ:DIOD) have earned an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $73.20.

A number of analysts have recently commented on the company. Truist Financial lowered their target price on Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. StockNews.com lowered shares of Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st.

Insider Transactions at Diodes

In other news, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the sale, the chief executive officer now owns 246,492 shares in the company, valued at $16,576,587. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Emily Yang sold 1,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the completion of the transaction, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the sale, the chief executive officer now directly owns 246,492 shares in the company, valued at approximately $16,576,587. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,182 shares of company stock valued at $1,640,921 in the last three months. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Diodes

Several hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Diodes in the 1st quarter worth $40,000. Riverview Trust Co purchased a new position in shares of Diodes during the 1st quarter worth $51,000. NBC Securities Inc. boosted its position in shares of Diodes by 62.3% during the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 471 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Diodes in the 2nd quarter valued at about $88,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Stock Up 3.1 %

Shares of DIOD stock opened at $64.60 on Friday. Diodes has a fifty-two week low of $58.50 and a fifty-two week high of $86.74. The firm has a market capitalization of $2.98 billion, a PE ratio of 17.60 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. The stock’s 50-day simple moving average is $64.92 and its 200-day simple moving average is $70.18.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The company had revenue of $319.80 million for the quarter, compared to the consensus estimate of $316.12 million. During the same quarter in the prior year, the company earned $1.59 EPS. Diodes’s quarterly revenue was down 31.5% on a year-over-year basis. Equities analysts expect that Diodes will post 1.55 earnings per share for the current year.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.